Azincourt Uranium Announces Private Placement
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourturanium.com
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FOR DISSEMINATION IN THE UNITED STATES
Azincourt Uranium Announces Private Placement
Saskatoon, SK, February 6, 2017 - AZINCOURT URANIUM INC. (“ Azincourt ” or “ the
Company ”; TSXV: AAZ ) announces its intention to undertake a non-broker ed private placement
(the “ Offering ”) to raise aggregate gross proceeds of up to C$1,0 00,000. The Offering will consist
of up to 10,000,000 non-flow-through units at a pri ce of C$0.075 per unit and up to 2,500,000 flow
through units at C$0.10 per unit.
Each non-flow-through unit will consist of one comm on share and one-half of one common share
purchase warrant (“ Warrant ”). Each whole Warrant will entitle the holder to p urchase one
additional common share for a period of one (1) year at a price of C$0.12 per common share.
Each flow-through unit will consist of one flow-thr ough common share and one-half of one Warrant
on the same terms as stated above.
Azincourt will apply the net proceeds of the Offeri ng to advance the Company’s Patterson Lake
North property (“ PLN ”) and for general working capital purposes. PLN li es adjacent and to the
north of the Patterson Lake South property, owned b y Fission Uranium Corp. In addition, the
Company is currently reviewing opportunities to acq uire interests in other uranium projects in the
Athabasca Basin, Saskatchewan.
PLN is prospective for hosting structurally control led high-grade uranium mineralization that is
often associated with basement graphitic shear zone s within clay-altered metasedimentary
basement lithologies. These features have unique ch aracteristics that can be identified by various
geophysical surveys. Results from the drill program completed in July 2014 were extre mely
encouraging with prospective basement lithologies, structure, alteration, anomalous radioactivity
and weak uranium mineralization intersected.
The Company may pay finders’ fees in connection wit h the Offering, in accordance with TSX
Venture Exchange policies. All securities issued u nder the offering will be subject to a four-month
hold period in accordance with applicable Canadian securities laws.
Closing of the private placement is subject to receipt of TSX Venture Exchange approval.
The Company also announces that it has granted a to tal of 1,050,000 incentive stock options to
directors, officers and consultants of the Company, subject to TSX Venture Exchange acceptance.
Each option is exercisable to purchase one common share of the Company for five years at a price
of C$0.10 per common share in accordance with the terms of the Company’s stock option plan.
The technical portion of this release has been revi ewed and approved by Ted O’Conner, a
qualified person under National Instrument 43-101.
About Azincourt Uranium Inc.
Azincourt Uranium Inc. is a Canadian based resource company specializing in the strategic
acquisition, exploration and development of uranium properties, with offices in in Vancouver,
British Columbia and Saskatoon, Saskatchewan. The Company’s Patterson Lake North Property
lies adjacent and to the north of the Patterson Lak e South property, owned by Fission Uranium
Corp. The company owns a 10% working interest in P LN and Fission 3.0 owns a 90% interest. In
addition the Company is currently evaluating additi onal uranium properties to acquire or joint
venture.
ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.
“Paul Reynolds”
Paul Reynolds, Chief executive Officer
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes “forward-looking statem ents” that are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the con trol of Azincourt. Investors are cautioned that an y such
statements are not guarantees of future performance and that actual results or developments may differ
materially from those projected in the forward-look ing statements. Specifically, there is no assuranc e the
Company will be able to complete the private placem ent on the terms set forth above, or at all.
For further information please contact:
Paul Reynolds
Tel: 604-638-8063